2012-10-02
2012-10-02
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WUSA (CBS) 11
KQED (PBS) 8
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all out in september, a hopeful sign that the u.s. economy may be picking up. >> tom: i'm tom hudson. ben bernanke defends his strategy at the federal reserve to do more to help the economy. >> susie: and how technology is making it possible for doctors to go paperless. >> tom: that and more tonight on "n.b.r."! >> susie: the first day of the new quarter, kicks off with a blue chip rally. investors were encouraged by a report showing that american factories were busy in september. a popular index of national factory activity rose to 51.5 last month, from 49.6 in august. it was the fastest pace of production since may. but that upbeat news was overshadowed by comments from federal reserve chief ben bernanke, saying the economy is not growing fast enough to bring down the unemployment rate. we'll have more on that in a moment. those two events led to volatile trading here on wall street. the dow rose about 78 points, but was up as much as 155 points earlier. the nasdaq drifted in and out of positive and negative territory, finally losing more than 2.5 points, and the s&p rose almost fo

taxes on the middle-class. we have made changes here in the state of nebraska that grows this economy. that is why i am running for the united states senate. they want a change of leadership in washington. we have a senate in washington that hasn't passed a budget, let alone a balanced budget. we can change that. that is why i am running for the united states senate. i want to pass a balanced budget. i'm not your usual politician. obviously i am not one of the good ole boys, and i will make the tough decisions in the united states senate. we'll roll up my sleeves and work hard for you, and i will fight for you. i will fight for all people. thank you. >> thank you. now the opening statement from former nebraska governor and senator bob kerrey. >> i love nebraska. i was born here in lincoln. i went to lincoln northeast high school. i left nebraska, went to war and came home. i recovered from my injuries here in lincoln. i started a business that today employs more than 700 people. i have served you as your governor. we balanced the budget and the economy recovered. i served as a senator

out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will fight to make that happen. i have never had and neve

shock the economy and trigger a recession by reducing the cash that taxpayers have to rend. but scott, congress and the president now have a firm price greson what it costs if they don't reach a budget deal after the election. >> pelley: wyatt, thank you, the u.s. economy is also being hurt no what's happening far beyond washington, all the way across the atlantic. senior business correspondent onthony mason has more on that. ha reporter: in spain this weekend, police clashed with protesters angry over austerity measures the government's been forced to implement. a quarter of the work force in spain can't find jobs and the unemployment rate in the 17- nation euro zone has now hit a record high-- 11.4%. for three straight quarters, the european economy has been rinking and federal reserve chairman ben bernanke said today amica is feeling the impact. >> it has been a problem for the oblemeconomy. we have seen head winds coming from slowing trade. >> reporter: if you combine rtports and exports, the european union is our biggest trading partner. >> so we have a very strong troerest in eu

of the debate tomorrow night beginning at 9:00 eastern time. we got good news today on the economy. overall, auto sales were up 13% last month from a year before. among the u.s. automakers, ford sales were unchanged, g.m.'s were up 1.5%, chrysler reported a 12% increase. there hasn't been enough good news like that on the economy. the recovery, of course, is painfully slow and one of the biggest reasons is the recession in europe. the 27 countries of the european union add up to the world's-largest economy, but they're reporting record unemployment. in spain, unemployment among young people is 50%. mark phillips went to bars low that to see what happens when an economy goes into freefall. >> reporter: spain can be a deceptive place. in the early autumn sunshine and in the markets groaning with foodstuffs it's difficult to tell this is a country with a collapsing economy and unemployment rate of 25% that threatens to take the rest of europe and maybe even the united states economy down with it. but wait until they close up at barcelona's boqueria market and follow the porters out back to whe

is focusing on the economy. he's actually focus more on his own economy and obama and his staff has spoken more to the message of the economy. you can see he is talking somewhat positively about his programs but also talking more negatively about mitt romney in terms of the economy. when he is talking about character, he's got some very negative on mitt romney as opposed to speaking up his own character. i will show you the equivalent of that in mitt romney. mitt romney is spending more time talking about his character. he is splitting his time between promoting his character and making negative statements about president obama's character. the interesting thing about this chart is that not only is the economy, is he talking less about the economy than what pulled -- than what people believe he is doing what he is also focusing more negatively on obama when speaking then he's been positive about putting forth a plan of his own. i think he listened to the right wing pundits to much in terms of saying this economy will be about why obama as fat as opposed to what i have to offer the country.

.1% unemployment. heading to a debate focused on the economy and domestic issues. >> how they can justify raising taxes to the middle class has been buried the last four years. >> dramatic admission today about the president's first term from vice president biden. which gave republicans some predebate ammunition. though he charged bush policies are to blame. >> by the time we were elected they had eight years doubled the national debt. debt clock. doubled it. in addition to that, they had the slowest job private job growth since world war ii under this policy. >> another key debate topic, healthcare. romney is defensive about his massachusetts plan. today, the obama camp charged the promise to repeal the president's law will knock millions off the insurance. republicans are circulating a secretly recorded video of a recent meeting among local government officials here in henderson where the president is doing debate prep. officials discuss how implementing the president's law will cost city employees an extra $40 a month. >> a challenge beyond belief. >> in exclusive interview with fox in nevada,

for lou dobbs. an election that was supposed to be all about the struggling economy, right? now leading to questions over the president's handling of foreign policy and the administrations truthfulness to the american people. to reporreport the united states diplomats in libya asked the obama administration repeatedly for additional security right up until the september 11, 2012 attacks. house oversight committee chairman darrell ice looking to secretary of state hillary clinton for answers. telling congressmen issa the extra resources are being denied despite firebombings and online death threats. vice presidential nominee paul ryan seizing onnthe commission to launch attacks at the democratic ticket. >> feature if you turn on the ty you can see that the obama foreign-policy is unraveling before our eyes. it's not just an isolated incident where we lost four americans in libya. that's tragic. but it is part of a bigger story of the unraveling of this agenda all over the world. we have distanced our ally, israel, we are not advancing our interests in the middle east, and the president i

been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: three months after upholding president obama's health care law, the supreme court is back with a docket that may even rival last year's term for drama. the justices will decide a case on affirmative action in higher education, and are expected to take up disputes on same-sex marriage, civil rights law, and more. the term opened today with arguments in another controversial case: whether businesses can be sued in u.s. courts for human rights violations that occur in foreign countries. marcia coyle of the "national law journal" was in the courtroom this morning, and is back with us tonight. welcome back. >> nice to be back. brown: let us stipulate, as the lawyers say, that last year was a blockbuster. >> absolutely. brown: new this term has some potential

economies to fwroe and our dialog in our country is the urban cities that have to create the new jobs for the new economy. i know paris must do so as well, and if we work tokt, we can create those and instigate and innovate our new ideas for the new economy and our mutual obligations on the environment, and then there is something that paris and san francisco hold very dearly and that's an ongoing conversation about our human rights as world leaders, so it's human rights, it's the environment, it's the economy and these are the reasons why we hold our relationship with paris and with all the other great cities of the world in a sister city relationship so dearly, we learn from each other, we send delegations to each other, we welcome each other to the city but in each and every instance, we are always thinking about ideas about how we can help each other and help regions improve, so i am excited to have met with the mayor just a few minutes ago to reaffirm our relationship and we'll sign that in a few moments to document that and to promise each other that we will continue this very

not describe it as an economic collapse. i think the economy is too big and there are too many interests for it to collapse this easily. obviously, the economic situation is deteriorating. it is very clear that different factors have worked together, coincided at this stage, for this situation to be this critical. >> one of the things that the president has been discussing is economic sanctions. something he has denied which has any impact on the past. >> it is very convenient for him. in the past, basically, he wanted to make the argument that sanctions are not working. right now, while everyone else is blaming the government, and especially the president, for the current situation, he is blaming the sanctions. this is one way of diverting attention. >> who do the majority of the iranians claim? >> we don't have any accurate polls. it is very difficult to have a genuine opinion poll. my gut feeling says if they are very nuanced. they understand that the sanctions are having an effect. they understand that there are other domestic issues both the political and economic nature. >> what im

the issues, to talk about how we continue to build this economy and strengthen it going forward over the course of the next four years. >> and in terms of the defense that he has to play, the romney team are attacking him for not creating a budget, in three years, of course the argument the counter argument would be the republicans for three out of the four years were in charge and -- at least one house, and were blocking him in the senate. but they will come at him on the economy. what is the response going to be? >> well look, i think the president -- the response obviously is two fold. let's talk about where we've come from, losing 800,000 jobs a month to 30 plus months of positive private sector job growth, added 5 million jobs, you know, since we hit the bottom and -- but i think what's most important and voters want to hear is what you going to do as president going forward and i think the president will be anxious to talk about bringing manufacturing jobs back from overseas and putting americans back to work, improving our educational system, recruiting and training math and s

're facing a sixth year of recession. a draft budget projected the greek economy will shrink again in 2013 by almost 4%. unemployment is set to rise another full point, to nearly 25%. meanwhile, euro-zone officials reported unemployment across the continent remained at a record high of 11.4% in august. . >> the figure is much higher than a year ago. it demonstrates the importance of putting in place effective reforms to reverse the trend in unemployment and in particular youth unemployment. it's clearly unacceptable that 25 million europeans are now out of work. we have to take measures to put an end to the current crisis and to give priority to job creation. >> holman: in another development, there were growing indications today that spain could request an international bailout. wall street got a rally going today, but it faded some after remarks by the chairman of the federal reserve. ben bernanke said in a speech that the economy still isn't growing fast enough to cut into unemployment. in the end, the dow jones industrial average gained 78 points to close at 13,515. the nasdaq fell mor

when he talks about the economy. that is the private sector track record. the flip side, the weakness is the 47%. some of the attacks he's taken in terms of that business record. i think mitt romney's biggest problem though, chris, is the sense people can't be sure exactly if he believes what he's saying. he needs to project authentic passion for what he believes his plan would do for the american economy to make the 47% lives better as well as the other 53. >> what do you think, e.j.? >> i thought the definitive line on politics, what you need is sincerity, if you can fake that, you can do anything. it's troublesome on this question of authenticate. what is authenticity? romney has taken a number of positions on issues which you will be sure obama will try to sneak in there somehow. he can be ferocious and disciplined. go back to that newt gingrich debate in florida where he dispatched newt gingrich. he can be very good. i think he can have real highs, but also can have lows and say the darnedest things sometimes. >> i want to bring in georgia congressman tom price. good to see you,

with hundreds of billions of dollars and most of the discretionary spending cuts would drive the economy back into recession and cost too many jobs of the other hand would also go a long way to produce budget deficits. even by washington standards that seems pretty important. to discuss the cliff and its consequences of a panel of the four but it did it cover in budget watchers. bob greenstein is on the senate priorities and that of president obama's transition team policy work. douglas holtz-eakin is president of the american action forum and headed the domestic policy staff in the campaign ad was the director of the congressional budget office. donald marron is the director of the tax policy center and member of george bush's advisor and acting director of cbo and finally, digamma rogers blogs as an economist and was the chief economist of the house budget committee for the democratic staff of the house ways and means committee. the format today will be relatively straightforward. each of the panelists will speak for five minutes. i will ask some questions and we will get a discussion going

work. but this is not one of those times. when the federal reserve talks about getting the economy moving by any means necessary it is really talking about getting more data like today's terrific ism number. given that the europeans and chinese are doing the same thing, if you're betting against the market you're fighting major central banks around the world that are doing their best to generate good data and sometimes their best is good enough. why does this overused cliche matter so much? ben bernanke said he's going to continue to buy bonds to keep interest rates down, so that this purchasing manager's number won't be an aberration. when you examine the fundamental of individual stocks, you are playing what's known as the micro. when you take into account the big data numbers like the purchasing manager's index, you're making a macro analysis. again though like the idea of fighting the fed this micro/macro dichotomy might mean nothing to you unless you took ec 101. let's put it in terms that everybody can understand. anyone who's been to a museum or taken an art class knows that

has obama leading romney 49-46. the economy is issue number one and whose plans are better for the middle class. to answer that we are holding our own debate right here on the kudlow report. we are joined by new jersey democratic congressman and jim gillmore to make the case for governor romney. there will be time to talk among your selves at my disgression. the first question is going to congressman big paskrel. 1.3% gdp 25 million people out of the workforce. mr. president, what is your solution to the prosperity and the recovery that continues to elude us? >> over the past 30 months we have had an increase in private sector jobs. but that is the direction we are going in. if you remember what happened before that, when the president raised his hand in january of 2009, we were losing 700 no,000 jobs a month. but the fact of the matter is we are going in the right direction now and we should keep doing that. the president supports the position on the creation of jobs and the government can't do everything but it has a responsibility. we have lost public sector jobs and we

$50,000. i also want to give them additional tax breaks because they are the drivers of the economy. >> we need to spread the wealth around. in other words, we're going to take joseph money, give it to signature obama and let him spread the wealth around. the whole premise behind the plans are class warfare, but spread the wealth around. i want small businesses that would receive an increase in their taxes. why would you want to increase anybody's taxes right now? these people are going to create jobs unless you take that money for him and spread the wealth around. i am not going to do that. >> number one, i want to cut taxes for 90 5% of americans. it is sure my friend and supporter warren buffett could afford to pay a low tax. in order to give taxes. then exxon mobil which made record profits over the last several quarters, it they can afford to pay a little more so that ordinary families who are hurting out there tried to figure out how they're going to save for their kids' college educations, and they need a break. look. nobody likes taxes. i would for for that no one pays them

issues of the campaign. the focus will be on the role of government, the economy and health care. mitt romney has a history of shall we sa waffling a little bit on these important issues we even have a collection of mitt's flip flops here inside the war room but this suggests where his position is actually going to be on wednesday night. first off, the role of government as a subject, and that really gets fundamentally to the issue of taxes, at least for mitt romney. the romney memo says that mitt romney will not raise taxes on anyone and that he will deliver tax cuts for the middle class. sounds pretty good, but the brookings tax policy center took a look at this issue, and here is what they found. under mitt romney 95% of americans making under $200,000 would have a tax increase averaging $2,000 while the wealthiest americans would see tax cuts of up to $86,000 per year. and his claim that he can give the wealthy those tax breaks and still close the deficit, that claim is mathematically impossible according to the tax policy center. romney's fuzzy math has p

the economy. to what extent are the low rates motivating consumers to spend? >> i frankly don't buy that too much. i think there's a problem because you hurt people's interest income, and people with interest income could spend more, and the problem is people aren't able to access the low rates. you need a very high credit score to get the low rates and everybody that can access the low rates has done it, and if the rates were higher banks wouldn't require as high of a credit score. they're selling what they can through fany and fedy freddie. it's about credit scores and not interest rates. >> susie: aside from what banks are doing. what has to change, to change consumer attitudes about spending? >> the economy has to get better. we've had this in the summer for the past two or three years in a row, and every economy rebounds. if we're going to have a rebound in the holiday season, that could be great and help to put people back to work, and allow them to spend a little bit more freely. we also have a long holiday season. november starts out on a thursday, which means thanksgiving comes earl

, there are really to risks and here, the obvious risk to the economy and the short-term -- and in the short term, cbo said that if all of this item good demand comes out of this economy, then we will have a mild recession in the first part of 2013, but would be back in recovery by the second half of 2013. but a recession on top of where we are already certainly would not be good the even bigger risk is the risk to the economy long term if we continue to kick the can down road and do nothing about our fiscal problems. how do we think about these two things? there is an interesting report that came out several months ago from the carlyle group. i just want to briefly read out what it has concluded. every analyst would have a grand bargain that replaces the cliff with a credible alternative the faces in a reduction over a time frame of years. but in negotiated settlement failed to realize the lame duck. those -- the most likely alternative may be a simple extension of fiscal policy. while such an extension would include the near-term growth prospects, it would also relieve the pressure to substanti

access in our economy rather than just offered ownership and to me, that's really what wha* the shared economy is about and this great incubating idea of scooter sharing is wonderfulfinger these are all electric, you can power this up on 18 cents worth of power as compared to what gasoline prices are. it takes, if you want to go around the city at 30 miles an hour, it will be less than half of the power of a toaster. it's equivalent to 850 miles a gallon to be on one of these electric scooters. i think it's safe, obviously we're going train people in the right way to abide but all the traffic regulations that we have, but as i sit in my car on days where i have to wait and 7, watch these scooters go by, it's kind of like where am i and what am i doing and can i contribute even more, so it's exciting to see this happen in san francisco, to see its launch, it's exciting that it's an idea that incubated out of the hub, it's exciting to not only see that it's fun for people to get around, to be more efficient and to kind of stralgts the lanes, but it's exciting to know it contributes so mu

and they can't do anything other than use the central government to force the economy to do x and y. and they're trying to get away from that. as they move away from it, that part of the economy clearly shows some struggles. >> short the aussie dollar, what, long the mexican peso? >> mexico is one of the big winners because they're deliberately raising wages. so low value added chinese manufacturing is nowhere near as competitive in the world as it once was. you see evidence of the u.s. getting some of it back. so mexico sort of had its breakfast, lunch and dinner the past 20 years by china appearing on the scene is probably in the early stages of regaining some of that a. so i think mexico is a big winner. southeast asia, philippines, for example. >> all right. jim, stick around. more to come from you. let's get over to asia and get a wrap of the day over there. >> thanks, ross. asian markets were mostly higher buoyed by improved data in u.s. and europe and also the rba rate cut. surprising move from the central bank helped the australian market end at a five month high. resources and banks

borrowing rates while the economy continues to grow slowly, and that its bond-buying strategy will continue. he insisted that five years of low interest rate policies have not increased inflation. the fed plans to hold the interest rate near zero until at least mid- 2015. bernanke also indicated that there is not another recession on the horizon, but the economy still isn't strong enough to add jobs faster than the current rate. in greece, union workers are preparing for more 24-hour strikes and walk-outs this month. workers are protesting the government's austerity measures. government officials submitted a draft of the 2013 budget yesterday that calls for a new wave of deep cuts which will save $10 billion next year. workers will protest proposed cuts to salaries, pensions and other benefits. last week, 50,000 people in athens demonstrated against austerity. wages in china are going up - by some estimates, about 17% a year. it is providing china's growing middle class with more money to buy goods, though inflation is not helping. but it may also drive up the cost of making some of those

the economy. the reserve bank of australia is worried about the fallout from slowing growth in the world. the rba decided on tuesday to lower the benchmark rate by 0.25 percentage points to 3.25% effective on wednesday. over the past five mos, it has cut the rate by a total of one percentage point. in a statement, governor glen stevens expressed concerns about the effects of austerity programs in europe and slower growth in china, which is australia's major iron ore importer. he said the country's labor market has softened somewhat and that its growth outlook for next year has become a little weaker. >>> the u.s. federal reserve chief says he'll keep pumping money into the economy. chairman ben bernanke says this round of quantitative easing will continue until he sees an improvement in the job situation. >> we would continue securities purchases and employ other policy tools until the outlook for the job market improves substantially in a context of price stability. >> bernanke said the country's economy is improving but not fast enough to reduce unemployment. fed officials decided last

specific progrowth solutions to get our economy in gear. we can have a dynamic progrowth economy that fosters independence and opportunity verses a stagnant economy that fosters dependency. >> paul ryan is stomping in iowa today before flying to virginia tonight. the wisconsin congressman is set to debate vice president joe biden next thursday in kentucky. >>> president obama has announced plans to visit kern county the monument of cesar chavez will be in keen where he lived. the president says the national monument would preserve chavez's legacy of giving a voice to workers. this trip will include another fund-raiser. >>> a father and son credit a working smoke alarm for helping them escape their burning home. vallejo fire crews say it looks like the fire started in the garage of the large three-story home on el camino real. the first -- it's a story by first brow -- brought you live. it erupted around 3:00 as the father and son were inside sleeping. >> two occupants were inside. the device got their attention and then about able to get -- and they were able to get out unharmed.

from the economy to education. >> reporter: with only hours to go before president obama and mitt romney face off for the first time , the number one issue on most people's minds , the economy. look at the new numbers from our cnn orc poll. voters are asked which candidate would handle the economy, obama and romney are tied. romney appears to have an edge on the top two economic issueses unemployment, and the budget deficit. for obama he holds the advantage on domestic issues, education, medicare, taxes, immigration and health care. these noneconomic issues are the first topics up for debate wednesday night. voters will be judging the candidates personal qualities. obama's favoritability rating

emphasis on the economy and jobs. joe biden spent his day campaigning in north carolina and republican running mate is due to arrive in charlottesville, virginia, tonight. >>> in pennsylvania, a judge has blocked that state's voter id requirement from taking effect by this election day. the judge says he's not quite convinced that every voter would be able to get a valid id in time. republicans who support the new law says it is aimed at keeping people have voting more than once. democrats, however, argue that it's aimed at keeping the elderly and minorities from voting at all. >> wusa9 is your go to station tomorrow night for the debate. 9news is teaming up with u.s.a. today. beginning at 9:00 p.m., u.s.a. today reporters are fact checking what the candidates have to say. you can watch the analysis live at wusa9.com. this morning, u.s.a. today white house correspondent talked with andrea roane about what we can expect and not expect tomorrow night. >> as far as -- i have a hard time believing there's going to be this huge big policy announced in a debate. that doesn't happen. what i

. >> reporter: the romney senior strategist said the poor economy is the focus you go but downplay a "new york times" report that romney used offshore accounts to avoid taxes and inquire -- increase his income. he said that romney's financial decisions are made by a blind trust. >> what is most important to people is they try to relate their economic standing with the candidates and they ask themselves a question what, are the plans we have proposed before the public. >> despited let the in the polls, the president will appear careful not to be confident over the debate. >> there is going to be no dancing. >> reporter: this obama campaign pyrotechnic said the president will -- press secretary said the president will defend his record on the economy and try to talk directly to voters who haven't decided if they will vote for him. >> and won't to reach the undecided voters towing in about what the president's plans are for the middle class. >> reporter: speculation ends wednesday and the debate begins when all of the -- what all of the candidates will talk about comes to an end. >> officials had

trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> with only 35 days until the election, a pair of republicans want the secretary of state hillary clinton to testify next week about the deadly attack on the united states consulate in benghazi, libya. it's the only congressional hearing on in matter scheduled between now and election day, november 6th. in their letter to the secretary today, the house oversight committee chairman daryl issa revealed new information about the attack. and i'm quoting from the letter now. "multiple u.s. federal government officials have confirmed to the committee that prior to the september 11 attack the u.s. mission in libya made repeated requests for increased security in benghazi." the letter then continues. the mission was denied these resources by officials in washington. the house democratic leader nancy pelosi is here in "the situation room." let's get to some of the news. let's get your reaction right now to what chairman issa and congressman chaffetz are saying? >> i think it's important the congress has t

decisions away from a melted up in the american economy. if we get a decision on the grand bargain, the kind of ten year time frame we would manage the cut and spending and tax increases and in investments, we need do all three. we need to tax, cut, and invest in the source of our strength. i think that would have a huge effect. i think americans today feel in many ways like children of two divorced parents. i think it's a pal in the country in a lot of ways. it would be huge. if we got a grand bargain on energy how to exploit the boundary of -- i think the two together would have a huge impact. so the question is how close are we to that? and, you know, i have a saying about the middle east which applies to the american politics. all important politics happens the morning after the morning after. >> when is that? >> here i'm talking about the election. here i think the question really is i don't know how the election is going come out. i make no prediction. i ask myself if romney gets smashed, if he gets smashed, it would -- i happen to think the political problem in the country we have a c

on the right track. >> secretary reish -- >> if i could just say one thing before we go to the economy, i think it's much more dangerous in terms of public opinion to jump to conclusions. to say, for example, there are weapons of mass destruction in a country where it turns out there are not weapons of mass destruction, i think again, you want to be very careful before you cast blame and you label people terrorists. i think the administration has been enormously responsible. the easiest -- >> you also don't want to downplay it and say it was attributed to a video when that clearly wasn't the case and they were overtaken by facts. >> let's move on to the economic front. secretary reish, the obama campaign has been making some very specific claims about how mitt romney's tax plan would affect the middle class. the governor can fight back by offering evidence the claims aren't true. do you think they have done enough to actually offer specifics, and do you think he's going to have to do that at the debate? >> i think he's going to have to offer specifics at some time, anderson. i mean, look, there

. the masterful performance by bill clinton where he reset the clock on the economy. of course, this 47%. these breaks have been going toward obama, haven't they? i mean, i can't think the last time romney got a break. >> reporter: no, really not since -- you have to go back, i would say, to may or june at the earliest to come up with a time where you feel like romney was controlling the narrative, controlling the tempo of this campaign. and then, you're right, didn't catch a break. it starts with the health care ruling at the end of june that somehow goes obama's way and then it marched through july, he takes a week off. a lot of people question that. then he ends up doing this overseas trip, as you point out. they blew their convention. blew an opportunity there. one thing about romney is he's had more experience going into a big debate behind than any other candidate at this point in time. i mean, he had this a couple of times. he needed a good debate performance to save himself in florida during the primary campaign. needed a good debate performance to save his campaign in 2002 in t

globalizations as an opportunity. they want an open society, an open economy, a society where you tolerate and respect people, a different faiths and cultures and then the closed minded who really have a view that if you don't accept my view then are you an alien or an enemy. i think that is the battle that is going on and in the end, i think it's important always, and i always say this to people in america to realize-- realize that for all the pictures of extremist that you see in people burning the american flag and protesting and so on, you also then have a lot of people who wanted same type of society and free society that we want. >> rose: has the is palestinian-israeli situation gotten off the front burner for too long and you can bring it back? >> well, it's a good question. not for the people out in the region, by the way. >> rose: it has not gotten off the front burner. >> no, i still believe that it's central to the future of the region. look, i have just come back from my last-- it was my 88th visit there. my wife said to me it is not actually the number of visits you made, it's

the world in a slowing global economy are going to open up. we'll see where it all plays out, whether all current cities are suddenly represented in oil and gold, suddenly gold and oil are so high that any gains that you get in your market averages are -- >> and yet crude oil back at -- >> 92, yeah. expressed in either euros or dollar, it's expensive. the ten year note which we know is just able to trade wherever it wants and not being influenced at all by the fed, just at a 1.63%. look at the dollar which has been around 1.28 versus the euro. 1.29 today. and then gold was at a session high, i think it was at a euro all-time high yesterday. down a little bit today. >> right now time for the global markets report. ross westgate is standing by. while you -- >> two days now? >> guess who we get onset with us. >> mr. poulter. that's fantastic. and is that the first interview he's done outside of the event? >> he may have just talked after the event, i guess, and i know he had a few guinnesss after the event. i saw a few pictures yesterday. but he had those same eyes. eyes scare me a little bi

on about 75% of her views at least on how the economy and the financial industry should -- >> which is exactly why, of course, i like her. >> exactly, i like her a lot too. i want to be clear about that. >> the irony here is if you listen to her, draw her out, she is far to the left of where most voters are in that state. it's sort of interesting -- >> on what issue? i think she's to the left of howard dean. >> come on now. >> no, seriously, what is she? i think people have had it up to here with wall street and with consumer protection and those are her strong issues. so where is she -- >> she's fine on consumer protection, but she would break up the banks -- >> so would i. >> okay. fine. >> they're too big to fail. they're not capitalist institutions anymore. they're too big to fail. >> we can all go over to cnbc and have this debate. i'm not sure that the average massachusetts voter would want to rally restructure the financial system the extent she would. and i don't think she's going to get a lot of votes there. >> wasn't elizabeth warren fantastic? >> she was good. he had that

is just outside the margin of error. those polled rank the economy as the most important issue. on that, the two candidates are in a tie. governor romney leads when it comes to the handling of the budget deficit. however, the president is ahead on every other issue including health care and national security. we have team fox coverage. carl cameron has the latest from the romney campaign. first, we go to ed henry in las vegas. what do we know about the president's debate prep? >>reporter: they have tried to keep that quiet. we have spotted senator john kerry who is playing mitt romney in the mock debate sessions for the president in the las vegas area. he has been spotted in the lobby of the hotel, with reading glasses and a pile of papers, going through this like it is a final exam and researching every last bit. the president, when he delivered pizza to campaign volunteers to show he has a calm, cool image headed into the debate, he made clear he also things this is like a final exam. he has been holed up, long hours, inside, dealing with a big workload. >> it is all very nice. althou

, to come into the economy and invest ment. >>neil: if though get their act together. >>guest: otherwise the money will not come in. >>neil: a coiled plan that waits if someone office a plan. we do not have to solve the debt mess but just she the world we are serious about tackles the mess. ask bill clinton. sometimes you just need a do-able plan that is enough to get the markets believing and the rating agencies to hold off downgrading and have americans feeling more confident. you did not have to wave a wand and tell us how you will make all the red ink disappear overnight. you just have to state a plan on starting the process. tomorrow night be the former reagan economic adviser who remembers how bill clinton and how ronald reagan did that. you do not have to change things immediately, you just have to give a plan that makes people think and hope and pray you have started the process, right? >>guest: that is correct. you need to get growth. you have to get growth. you cannot balance the budget on the backs of the unemployed and the poor. that is where a flat tax comes in. it allows at

the economy? this is going to be the top issue in this domestic oriented debate tomorrow night. can you get any closer than that? one thing i want to talk about. the gender gap. weaver seen it. and here's a brand new poll from quinnipiac university, another survey in the last hour, not even that. look at that. president with a very large advantage among women voters. in our poll it was a little smaller but the president also had the advantage. mitt romney has an advantage among men but not by as much. >> ten points. not enough to make up for the gap with women. thanks very much for being with us this morning. great to see you in person. >> great to be here. >> in a few minutes sean spicer will join us live. he's the communications director for the republican national committee. >> also ted strickland the obama campaign's national co-chair. >>> word that an egyptian nil tant freed from prison in the wake of the arab spring is linked to the attack on the u.s. consulate in libya that killed four americans. "the wall street journal" identified the militant as mohammed jamal abu ahmed and report

with a good plan. host: what will you listen for in particular tomorrow night, bill? the economy, health care, what issues are important to you? caller: i thinik i want more honesty from the republicans instead of evasiveness. i feel they have been dodging questions, not revealing their taxes, and not giving any alternatives to what obama has already proposed. from the obama side, i would like to hear the reasons why some of their positions and not been passing through the congress. host: this from don -- you can give us a call and tell us what you are looking for as the debate season commences. the baltimore sun has this piece -- dan barry, connecticut, keith on our republican line. caller: i will not be watching the debate tomorrow night. i have seen enough of the show that they put on and it's not real. the questions are staged and the moderators are chosen by the candidates. the questions are preselected. only certain people [no audio] they will disagree on a couple things to make some highlights in tomorrow's news. other than that, you have two of the same guys on either side of the stag

is stacked to play in romney's favor. the things romney is accusing obama of owe mismanaging the economy, fast and furious, this banghazi stuff -, that can't be rebutted. what obama is accusing romney of, being a tax cheat, swiss bank accounts, all that kind of stuff, can be rebutted. >> sean: what obama will say -- thus this will be mostly on the economy. obama will say, it's getting better. that was the recovery summer of 2010. >> but romney -- there were a whole lot of people right now who want to vote for romney. want to vote against obama. but they don't want to vote for romney because of all the negatives obama's piled on them which has not been answered. they're sitting on one side waiting for permission to jump over and vote for romney. in the debate, that he's not a monster, that he's a man of integrity and defending himself on this stuff, can absolutely encourage them to jump over and make it possible for them to do that. >> sean: what a joke all weekend, watching the obama people trying to lower expectations. >> yeah, right. >> sean: 2-1. >> let's par remember that most debate

of the executive suite and of course the economy and business in america as well as globally. we're going to talk with him at 4:30 p.m. eastern. before that, we have some heavy hitters coming up, including the former yahoo! ceo and the coca-cola ceo. all of a that coming up in the program. meanwhile, let's get back to the markets. we have a double-digit decline. in fact, it looks like the dow is on track to close lower for the sixth time in eight trading sessions. the dow jones industrial average now at 13,436, a decline of about 0.5%. if we close lower today that, would be the sixth decline in the last eight trading sessions. a bit of worry about earnings on the trading horizon, as we are expected expecting the stream of earnings to take effect. weakness in apple today. it is about 5% of the s&p 500 and 20% of the nasdaq. so as apple goes, so goes the market. that's what we're seeing once again today. s&p 500 down about five points. that's 1/3 of 1%. with markets in the red, let's look at what this says about where we are in business today. joining me in today's "closing bell" exchange, we have

of the black market economy. and so you really had to parse the different kinds of types of violence taking place. and islamists or jihadi -- >> so you're saying beware of something like this. this wasn't like at that time you knew that this kind of thing could happen. >> no, there was the possibility that there were going to be jihadi actions in eastern libya. so, for example, africom, the agency, fbi, all tracking jihadi activity in eastern libya since at least 12 months ago. >> right. so they were aware. what about ambassador stevens? this story about the morning run, darrell issa included. threats against him from jihadi groups so he stopped his run for a week but then went back to it. was he too trusting? >> he was an honest broker. but i think, again, it's important to parse the kinds of violence. the threats against ambassador stevens on facebook were listed by a pro gadhafi group, which is not necessarily a jihadi group. so you've got different actors with different agendas. now, it's also important to note that the threats against ambassador stevens took place in tripoli, which is

even lose our country. >> ross perot, interviewed by "usa today"'s richard wol on the economy, the deficit and debt and how it's changed since he ran for president in 1992 and '96. find richard wolffe's article in today's edition of "usa today" and at usa today.com. raz perot tonight -- ross perot tonight on c-span at 9 eastern. >>> next, a look at the presidential campaign with libertarian party candidate gary johnson. the former republican governor of new mexico talks about his view of the two-party system and obstacles for third-party candidates. from "washington journal," this is 40 minutes. >> host: joining us now is gary johnson, the former governor of new mexico, a republican 1995-2003 who is now the libertarian presidential nominee, and gary johnson, first question. when you look at the major party candidates and this year's cycle, what's missing in the debate and the dialogue? and what do you wring to the table -- what do you bring to the table? >> guest: well, how about truth for starters. the notion that both obama and romney are arguing over who's going to spend mo

. not because if you stop the economy growing, that will leave more people out of work, claiming benefits, not paying taxes. businesses struggle, so they are not paying taxes. and as a result, borrowing goes up. borrowing, not to invest in hospitals and education and hospitals, but want to keep people idle. so the next time you heard a conservative say to you, labour would increase borrowing, just remember, it is this a government that is increasing borrowing this year. [applause] so what have we seen? we have seen recession, higher unemployment, higher borrowing. i don't think that's what people were promised. now look, there will be some people who say, and this as an important argument, a single people say there is a short term pain, but it is worth it for the long-term gain. but i'm afraid the opposite is true. you see, the longer you have low growth in our country, the bigger the death toll becomes for the future, and the bigger our problem will be in the future. the longer a young person is out of work, that's not just that for the prospects now. it's bad for the prospect the whole

in the dust. >> small manufacturers are trying to stay afloat in a tough economy and now they have to compete with cheap prison neighbors. two companies in particular, american apparel and american power source both manufacture army uniforms. uniforms are now being made by federal inmates. >> yes. prison labor is replacing companies like alabama base uniform maker american apparel. not to be confused with the more famous american apparel whose photographers will eventually end up in prison. best of all, even know unicor pays its workers next to nothing doesn't mean it can't charge top dollar because the law requires federal agencies to buy unicor's products. so they can charge nearly five dollars more per uniform. now folks-- until recently, unicor has been legally allowed to fly only other government agencies but those restrictions are now lifting. so unicor is now offering its prison labor to the private sector. >> you can take advantage of unicor's unique capabilities. skilled workforce, nationwide locations, 24/7 operations, highly competitive pricing. the best kept secret in outsourcing.

parts of the economy, the consumer, the investment and the government. the only reason thing that has grown on a rapid rate is the government. the government gets their revenues through taxation or borrowing money. the problem is the regulations are hurting small businesses. 2/3 of all jobs are created by small business which are considered -- chapter s corporations and less than $250,000 killing all of the regulations and kill the incentive. the government doesn't produce anything. it's the private sector that produces the wealth and the opportunity. get the government off the back through regulations and taxation and you will see the city once again be vibrant. i'm telling you it's taxation and regulations. i have two successful businesses. i would not open another one in san francisco. i would not. >> thank you. mr. yee. >> here's the four things i would do to create jobs. number one, help the small businesses with a one stot shop approach. ocean avenue had a fire. nine businesses had a fire and the mayor came and if he could do that one time we could do that all the tim

and employment are put farther out of reach because of a felony conviction, especially in a down economy, someone with a felony has great difficulty even accessing 5 a job that pays minimum wage. putting these felony convictions to a whole population of young people, we really perpetuate a chronic underclass which benefits none of us. and then of course there's the inequity in the criminal justice system. even though we can show that drug use rates are quite similar in all different ethnic communities and african-americans are 13 times greater likelihood of being convicted of a felony of simple possession. then of course there's also the savings that we could experience, nonpartisan, independent legislative analyst office has determined that there would be $159 million annually of savings at the county level, plus another $65 million annually in savings at the state level. and our bill would direct a portion of that savings to drug treatment programs so that we can, like these 13 other states, have better outcomes, safer communities. i of course have to thank the sponsors of our bill, and we have

are concerned, at the economy, how we avoid what has happened already, how we avoid falling into another recession, around those issues, what ought to be debated wednesday night? >> they should be challenged about whether we want a sustainable financial system. will both presidents appoint people to their economic team who will see the economic interest of the people probably? -- broadly? will they appoint regulators who will be independent of wall street? will they support them when they need to make decisions? will this president protect regulators when congress tries to beat up on them? did they recognize the crucial connection between our economic growth and prosperity? tavis: if you were going to appoint regulators and others not connected to wall street without looking for names, where would you look for those types of people? whenever you talk about financial issues, the people who in-depth writing these institutions -- to end up running these institutions, they always seem to come from the same pool of choic. >> it is bipartisan, republicans and democrats, on the hill, the regula

seizes on the economy, o'donnell says: "if he's able to pin blameefor the economy on the presideet, his governor romney's numbers will ptart to come p."davis says:: "a new quunnipiac poll finds that 86 perrent of likkly voters don't think thh candidates ill saa anything to chaage their mind - but 93 percent pooled till plan to watch the debates. in washington, jd, fn." 3 earlier we told you about how ravens matt biik and brendon ayanbadajo are weighing on difffrent sides of samm sex marriage issue. issue. and its our question of the day... do you think its appropriate for sports figgres to speak out oo political issue. issuee. brad writee on our facebook page..."they should keep their months shut as longg team." but korcorannwrrtes..." it's totally acceptable ffr any issue." to speak outton - 3 we areeseeing a lively debate on this issue go to fox-baltimore dot com and tell us what you think. facebook. send us a tweet...h text your nswer to 45203. n enter fox45a for yes.. orr fox45b or no. 3 a skateboarding event... takes drrmatic turn. ww'lllshow you what happees to this

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